A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

34 Merridown Drive

Sold 6 July 2026 · 1.47 km away

Sold for

$1,425,000

Adjusted to this home

$1,363,841

What we added and subtracted to make this sale comparable to 2 Terrace Court
Car spaces	this home 2 · comparable 6	−$215,453
Floor area	this home 218 m² · comparable 160 m²	+$92,800
Micro-location	this home 0.0552 · comparable 0.1211	−$75,126
Bedrooms	this home 5 · comparable 4	+$63,461
Condition	this home 7 · comparable 6	+$57,000
Bathrooms	this home 3 · comparable 2	+$40,000
Cladding	this home 1 · comparable 2	−$14,400
Street	this home 0.1224 · comparable 0.1323	−$11,286
Year built	this home 1993 · comparable 1990	+$4,901
Land size	this home 717 m² · comparable 737 m²	−$3,056
Net adjustment		−$61,159

A further 8 factors were compared and found the same on both properties, so no money moved.

32 Merridown Drive

Sold 30 October 2025 · 1.45 km away

Sold for

$1,335,000

Adjusted to this home

$1,398,112

What we added and subtracted to make this sale comparable to 2 Terrace Court
Floor area	this home 218 m² · comparable 150.13 m²	+$108,592
Micro-location	this home 0.0552 · comparable 0.1209	−$70,167
Bedrooms	this home 5 · comparable 4	+$63,461
Condition	this home 7 · comparable 8	−$53,400
Bathrooms	this home 3 · comparable 2	+$40,000
Cladding	this home 1 · comparable 2	−$14,400
Street	this home 0.1224 · comparable 0.1323	−$10,574
Land size	this home 717 m² · comparable 741 m²	−$3,667
Year built	this home 1993 · comparable 1991	+$3,267
Net adjustment		+$63,112

A further 9 factors were compared and found the same on both properties, so no money moved.

2 Mull Court

Sold 25 January 2026 · 1.14 km away

Sold for

$1,310,000

Adjusted to this home

$1,513,499

What we added and subtracted to make this sale comparable to 2 Terrace Court
Floor area	this home 218 m² · comparable 160 m²	+$92,800
Bedrooms	this home 5 · comparable 4	+$63,461
Pool	this home 1 · comparable 0	+$52,000
Bathrooms	this home 3 · comparable 2	+$40,000
Cladding	this home 1 · comparable 3	−$28,800
Street	this home 0.1224 · comparable 0.1341	−$12,262
Land size	this home 717 m² · comparable 763 m²	−$7,029
Year built	this home 1993 · comparable 1990	+$4,901
Micro-location	this home 0.0552 · comparable 0.0567	−$1,572
Net adjustment		+$203,499

A further 9 factors were compared and found the same on both properties, so no money moved.

5 Felix Court

Sold 27 April 2026 · 1.43 km away

Sold for

$1,330,000

Adjusted to this home

$1,581,423

What we added and subtracted to make this sale comparable to 2 Terrace Court
Street	this home 0.1224 · comparable 0.005	+$124,914
Car spaces	this home 2 · comparable 4	−$107,726
Bedrooms	this home 5 · comparable 4	+$63,461
Floor area	this home 218 m² · comparable 181.6 m²	+$58,240
Pool	this home 1 · comparable 0	+$52,000
Bathrooms	this home 3 · comparable 2	+$40,000
Land size	this home 717 m² · comparable 487 m²	+$35,144
Micro-location	this home 0.0552 · comparable 0.0405	+$15,641
Year built	this home 1993 · comparable 2002	−$14,702
Cladding	this home 1 · comparable 2	−$14,400
Distance to beach	this home 8.52 km · comparable 7.92 km	−$1,149
Net adjustment		+$251,423

A further 7 factors were compared and found the same on both properties, so no money moved.

15 TORRIDON CL

Sold 11 February 2026 · 1.49 km away

Sold for

$1,435,000

Adjusted to this home

$1,658,694

What we added and subtracted to make this sale comparable to 2 Terrace Court
Floor area	this home 218 m² · comparable 100.07 m²	+$188,688
Condition	this home 7 · comparable 9	−$143,500
Bedrooms	this home 5 · comparable 4	+$63,461
Street	this home 0.1224 · comparable 0.0753	+$54,070
Pool	this home 1 · comparable 0	+$52,000
Bathrooms	this home 3 · comparable 2	+$40,000
Micro-location	this home 0.0552 · comparable 0.0739	−$21,468
Cladding	this home 1 · comparable 2	−$14,400
Land size	this home 717 m² · comparable 696 m²	+$3,209
Year built	this home 1993 · comparable 1992	+$1,634
Net adjustment		+$223,694

A further 8 factors were compared and found the same on both properties, so no money moved.

48 Lakelands Drive

Sold 6 March 2026 · 3.20 km away

Sold for

$2,300,000

Adjusted to this home

$1,619,058

What we added and subtracted to make this sale comparable to 2 Terrace Court
Backs golf course	this home 0 · comparable 1	−$180,300
Micro-location	this home 0.0552 · comparable 0.15	−$142,437
Car spaces	this home 2 · comparable 5	−$131,950
Floor area	this home 218 m² · comparable 313 m²	−$124,119
Street	this home 0.1224 · comparable 0.15	−$41,469
Land size	this home 717 m² · comparable 505 m²	+$26,452
Storeys	this home 1 · comparable 2	−$26,130
Cladding	this home 1 · comparable 3	−$23,518
Year built	this home 1993 · comparable 2003	−$13,339
Distance to beach	this home 8.52 km · comparable 7.39 km	−$12,374
Air conditioning	this home 0 · comparable 1	−$11,758
Net adjustment		−$680,942

A further 7 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Will Simpson, Fields Real Estate — Will SimpsonFields Real Estate

Your market update

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 2 Terrace Court sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 2 Terrace Court over the past 18 months, compared it with Merrimac’s wider market, and examined the indicators most likely to reveal what happens next.

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Reports for this address

Valuation Report

The full comparable-sales assessment for this home — the evidence, adjustment grid and reconciliation behind the range. The same report you can open above.

Property Positioning Report

The document we prepare before a home goes to market — valuation evidence, comparables and market position, with a cover prepared for this address.

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Market Update Report

The recent nearby sales adjusted to this home, weighed against the national headlines — the same report you can open above.

Why I built Fields

Will Simpson · 84 seconds